Maumelle Water Corporation
- Assets
- $3.4m
- Revenue
- $746.9k
- Investments
- $0.0
- Employees
- 4
- Location
- Roland, AR
- Founding
- 12/1971
- Data as of
- 12/2022
- EIN
- 71-0419894
Organization Overview
Maumelle Water Corporation is located in Roland, AR. The organization was established in 1971. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2022, Maumelle Water Corporation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maumelle Water Corporation is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.
For the year ending 12/2022, Maumelle Water Corporation generated $746.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $634.8k during the year ending 12/2022. While expenses have increased by 4.3% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING QUALITY WATER SERVICES TO RURAL USERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING QUALITY WATER SERVICES TO RURAL USERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Collum Director | Trustee | 5 | $0 |
Danny Hernandez Director | Trustee | 5 | $0 |
Bobby Bradford Director | Trustee | 5 | $0 |
Jim Cherven Director | Trustee | 5 | $0 |
Tammie Foreman Reporter | Officer | 5 | $0 |
Larry Staggers Sec Treasurer | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $12,000 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,000 |
| Total Program Service Revenue | $731,361 |
| Investment income | $1,210 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,500 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $746,857 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $52,773 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $159,680 |
| Pension plan accruals and contributions | $7,436 |
| Other employee benefits | $0 |
| Payroll taxes | $11,967 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,457 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,144 |
| Advertising and promotion | $0 |
| Office expenses | $26,371 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $44,373 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $136,458 |
| Insurance | $19,411 |
| All other expenses | $2,032 |
| Total functional expenses | $634,829 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $852,347 |
| Savings and temporary cash investments | $46,902 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $92,532 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $39,921 |
| Prepaid expenses and deferred charges | $4,034 |
| Net Land, buildings, and equipment | $2,370,855 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,406,591 |
| Accounts payable and accrued expenses | $46,333 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $80,485 |
| Total liabilities | $126,818 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $3,279,773 |
| Total liabilities and net assets/fund balances | $3,406,591 |